General Dynamics Corporation $GD Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its stake in General Dynamics Corporation (NYSE:GD) by 56.6% in the second quarter, HoldingsChannel reports. The firm owned 1,551 shares of the aerospace company’s stock after selling 2,024 shares during the period. Claro Advisors LLC’s holdings in General Dynamics were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cassaday & Co Wealth Management LLC boosted its position in shares of General Dynamics by 8.6% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 7,560 shares of the aerospace company’s stock valued at $2,205,000 after purchasing an additional 598 shares during the period. NewSquare Capital LLC boosted its position in shares of General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Rockline Wealth Management LLC boosted its position in shares of General Dynamics by 0.4% in the 2nd quarter. Rockline Wealth Management LLC now owns 17,118 shares of the aerospace company’s stock valued at $4,993,000 after purchasing an additional 67 shares during the period. Prosperity Consulting Group LLC boosted its position in shares of General Dynamics by 4.3% in the 2nd quarter. Prosperity Consulting Group LLC now owns 2,446 shares of the aerospace company’s stock valued at $713,000 after purchasing an additional 100 shares during the period. Finally, Huntington National Bank boosted its position in General Dynamics by 0.6% during the 2nd quarter. Huntington National Bank now owns 16,379 shares of the aerospace company’s stock worth $4,777,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 193,110 shares of company stock worth $60,778,364. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GD. Wolfe Research raised their price objective on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Bank of America raised their price objective on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. UBS Group raised their price objective on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Barclays raised their price objective on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Stock Down 0.1%

Shares of General Dynamics stock opened at $343.22 on Thursday. The firm has a market cap of $92.71 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The stock has a 50-day simple moving average of $333.71 and a 200-day simple moving average of $306.15.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.